There is a considerable probability that the big banks could...

There is a considerable probability that the big banks could sell off more in June to crystallise losses to offset capital gains already made this year in miners, for tax reasons. Therefore being around a third of the index, I don't see much upside in the XJO during June. The other side of the coin is that the same banks would be well oversold and with dividends unlikely to be decreased IMO, are going to be cheap buys, as a degree of SP recovery is likely in the second half.